India outshining large economies in growth-scarce environment: CEA Nageswaran post GDP numbers release | 10 points

Chief Economic Advisor (CEA) Anantha Nageswaran.

The GDP growth was accelerated to a four-quarter high of 7.4 percent in the last quarter of FY25, with full-year growth ending at 6.5 percent. Reflecting on the GDP numbers, Chief Economic Advisor (CEA) Anantha Nageswaran on Friday said that "at 6.5%, India's economy outshines others still recovering from Covid".

The GDP growth was higher than the previous quarter number of 6.4 percent, but lower than the 8.4 percent growth logged in the fourth quarter of FY24.

At a press conference post GPD release, CEA Nageswaran said, "India is holding up its growth numbers much better than some advanced economies in a growth-scarce environment."

Also Read: India's GDP growth rises to a four-quarter high of 7.4% in Q4FY25, full-year at 6.5%

Key takeaways from CEA Anantha Nageswaran's media briefing:

- With real GDP growth at 6.5 percent for FY25, India outshines in view of other economies still recovering from Covid.

- India is holding up its growth numbers much better than some advanced economies in a growth-scarce environment.

- Private consumption holding on very well. Private consumption share rises to the highest level since FY04.

- Momentum in economic activity that picked up in Q4 continues in April.

- Food inflation has eased. IMD has predicted well spaced out monsoon. Conditions in place for fiscal stability.

- External sector supported by resilient merchandise exports and services exports.

- Gross FDI remains steady while FPI shows volatility. External environment does not pose any risk to FDI inflows.

- Mospi survey shows reluctance to share private capital formation plans.

- Amid global uncertainty, global growth for 2026 likely to slow.

- Amid geopolitical uncertainties, India’s growth is very good.